The OrBIT drillbits are designed to perform completion and workover activities in a more efficient and cost effective manner.
Dhatec's estimated revenue in 2014 is approximately US$25 million.
The transaction was made for cash consideration of approximately $850 million and after-tax proceeds of approximately $600 million.
These transactions bring Weatherford's total realized cash divestiture proceeds to over $1.7 billion for 2014.
Terms of the transaction were not disclosed.
Tervita has operations that span the Bakken, Permian and Eagle Ford basins.
Houston-based C&J wants the Delaware Supreme Court to overrule a finding that executives didn’t properly shop around for bids.
The technology is ideally suited for complex subsea processing applications and more difficult extraction environments.
The deal is the second announced by Buffett’s company this month in the energy industry.
The acquisition increases FTSI’s wireline capacity more than tenfold.
Some 27-horsepower reciprocating compressors are expected to save 33% in monthly expenses and cut capex by more than 65%.
The transaction’s terms were not disclosed.
|E&P||USD 240||Members only||Undisclosed|
|Mid||USD 0||Members only||Marlin Midstream Partners LP|
|Mid||USD 162.5||Members only||Azure Midstream Energy LLC|
|E&P||CAD 605||Members only||EnCana Corp.|